Savings Priority Order: Save, Pay Debt, or Invest First?

Use this savings priority order to decide what to fund first: employer match, cash reserves, future expenses, debt payoff, and investing.

The Simple Finance Budget sends 20% of your take-home pay to Savings & Investing. This savings priority order tells you what that 20% should fund first, so you are not trying to tackle six different financial goals at once. The answer is not to divide it evenly between six different goals. Use a simple savings … Read more